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You won a lawsuit and can have your financial award distributed in two ways. Either a lump sum of $90,000 or a $125,000 annuity that
You won a lawsuit and can have your financial award distributed in two ways. Either a lump sum of $90,000 or a $125,000 annuity that is paid equally at the end of each month for 10 years. If you could earn 9% on your investments, which option should you choose?
You won a lawsuit and can have your financial award distributed in two ways. Either a lump sum of $90,000 or a $125,000 annuity that is paid equally at the end of each month for 10 years. If you could earn 9% on your investments, which option should you choose? Multiple Choice The lump sum payment because it has a future value of $220.622. The annulty because it has a future value of $253,496 The annulty because $125,000 is larger than $90,000 O The annuity because it has a present value of $97,631Step by Step Solution
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